Now that Klarna has a new valuation, is Affirm cheap?
Klarna’s announcement that its long-expected funding round has come to a close brought with it one of the steepest valuation resets in memory, at least as far as operating businesses…
Read More »Cost cutting, layoffs remain leading startup themes
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex and Grace are back to cover the biggest,…
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Kadmos, a salary payments platform for migrant workers, raises $29.5M
Companies from across the industrial spectrum often rely on a migrant workforce, with data from the International Labour Organization indicating that some 169 million workers travel abroad for employment. But…
Read More »Cauldrons, Bolts and sour markets: Welcome to Halloween in July
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. It doesn’t feel like a short week, does…
Read More »a16z leads $6.5M seed round for Adaptive, a construction software and fintech play
In the construction business, time is money. But with so many moving parts, it can be extremely challenging for construction companies to manage the administrative aspects of their finances. Adaptive,…
Read More »Binance.US hires former Acorns, PayPal exec Jasmine Lee as CFO
After nine months of searching, Binance.US, the American partner of the world’s largest crypto exchange, has finally found a new permanent chief financial officer (CFO). Jasmine Lee is coming on…
Read More »Flutterwave denies money laundering and fraud allegations following accounts freeze by Kenyan court
Flutterwave has come out to deny the fraud and money laundering claims leveled against it by Kenya’s Asset Recovery Agency, which investigates and recovers proceeds of crime. This is after…
Read More »Forever21’s parent company sues Bolt but settles for becoming a shareholder
A lawsuit that was filed against one-click checkout startup Bolt by one of its biggest customers will be dismissed as the two parties have agreed on a settlement, the companies…
Read More »Peakflo’s bid to build business payments for Southeast Asia attracts capital, customers
During the most recent Y Combinator startup batch, Peakflo stood out to TechCrunch. The company’s simple pitch — Bill.com for Southeast Asia — fit neatly into the broader narrative of…
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Tesorio’s tools aim to help businesses automate payments collection
Although finance teams ultimately control budgets within their companies, investment in technology under the chief financial officer’s purview had been limited — at least until recently. That’s the assertion of…
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